Momentus Founder Agrees to $2 Million Civil Penalty Over Merger

Momentus Inc. founder and CEO Mikhail Kokorich has settled SEC fraud claims in connection with the satellite company’s blank-check merger, agreeing to pay a $2 million civil penalty, according to a federal court filing Friday.

Kokorich also agreed to a five-year bar on acting as a public company’s officer or director under the terms of the consent agreement filed in the US District Court for the District of Columbia. He neither admits nor denies the allegations.

The Securities and Exchange Commission’s suit and investor lawsuits targeted public statements and filings by Momentus and Kokorich in the lead-up to the startup’s ...